Breaking News: The NHL has set next year's salary cap

The NHLPA has announced the league's salary cap for the upcoming season. The cap is set at 71,4M$. This is a minor raise from last year's cap which elevated at 69M$.  

NHL announces the salary cap for next season: $71.4 million. pic.twitter.com/TuttG6I9Oh

— Craig Custance (@CraigCustance) June 23, 2015

  According to Elliotte Friedman from Sportsnet, the league salary floor will be set at 52,8M$.  

Hearing teams preparing for a cap of $71.4M and a floor of $52.8M — Elliotte Friedman (@FriedgeHNIC) June 23, 2015

This is in line with the projections. Earlier this year, league's commissionner Gary Bettman said he expected the cap to be somewhere between 70 and 71M$.  The NHL executives are currently in Las Vegas for the NHL awards. They will also vote on new rules like 3-on-3 overtime and the possibility of a coach's challenge. Image courtesy of Keystone Press agency